三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

COFCO unit partners with US-based co-op

By Zhong Nan | China Daily | Updated: 2017-08-22 08:53

COFCO unit partners with US-based co-op

Two officials from Shandong Inspection and Quarantine Bureau check imported soybeans at Rizhao port, Shandong province. [Zhu Yuanli/for China Daily]

China National Cereals, Oils and Foodstuffs Corp - the country's biggest food trader by sales revenue, on Monday confirmed that COFCO International Ltd, one of its subsidiaries, has formed a grain supply partnership with the Illinois-based farm cooperative Growmark Inc.

The deal was sealed at Bloomington, Illinois on Aug 15. As part of the deal, they will jointly own and operate a truck, rail and barge terminal in Cahokia, Illinois, on the Mississippi River, the main pipeline that supplies exporters along the US Gulf Coast with corn and soybeans.

The facility can receive about 180,000 bushels (4572.24 metric tons) of corn per hour, delivered by truck and rail, and can load two river barges simultaneously at a rate of about 60,000 bushels per hour.

COFCO also acquired the terminal near the busy inland port of St. Louis as part of its Nidera deal, completed in 2016.

Growmark staff will assist in sourcing grain at COFCO's St. Louis office as part of the partnership, the companies said in a statement.

This partnership will offer China more direct access to ensure food imports, said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.

"The food industry has gained a growing influence in the country's economy over the past decade. China also needs more food to boost domestic consumption and facilitate ongoing supply-side structural reform," Ding said.

This also is the latest expansion move by COFCO International since it invested $3 billion to buy Noble Group's agribusiness and a large stake in Dutch grain trader Nidera BV in deals that bolstered its position in the global grain market.

The deal draws a more direct link between a large Chinese food importer and farmers in the world's largest corn exporter and second biggest soybean exporter.

Growmark hopes to solidify ties to a huge market in China, the world's top soybean importer and major buyer of other agricultural goods.

Neither company disclosed terms of the deal.

Eager to enhance its earning ability, COFCO has already increased staff numbers in Geneva, home to COFCO International's headquarters and the center of its grains and oilseeds business. Its Rotterdam office has separately played a core role in trading activities.

The media office of COFCO's headquarters in Beijing said the group will accelerate its pace of building warehouses and logistics facilities in the world's major grain-producing regions this year.

The State-owned group plans to build new warehouses and processing facilities in countries including the United States, Myanmar, Kazakhstan, Ukraine and Indonesia to acquire more food resources at global markets.

Reuters contributed to the story.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 精品女同一区二区三区免费站 | 美女福利视频一区 | 日本成人一级 | www.99色.com | 永久免费看的啪啪网站 | 国产精品亚洲精品久久成人 | 亚洲欧美成人中文日韩电影 | 中文精品爱久久久国产 | 小色片| 国内精品91最新在线观看 | 美女zw喷水视频在线观看 | 免费一级欧美片片线观看 | 国产一级一级 | 黄色网页在线播放 | 日韩美一区二区 | 欧美性v视频播放 | 麻豆入口 | 在线网站你懂得 | 97视频免费播放观看在线视频 | 麻豆视频传媒 | 久久国产区 | 亚洲一页 | 在线观看久草视频 | 妖精视频永久在线入口 | 好大好爽国产美女h福利视频 | 97国产在线视频 | 在线免费不卡视频 | a级片免费在线观看 | 欧美特黄aaaaaaaa大片 | 在线看黄色片 | 国产黄色一级网站 | 一级特黄aaa大片免费看 | 亚洲网站免费观看 | 欧美成人v视频免费看 | 亚洲精品久久午夜香蕉 | 亚洲 欧美 另类 综合 日韩 | 久久99热精品免费观看无卡顿 | 亚洲网站免费观看 | 香蕉视频91| 奇米欧美 | 欧美日韩一区二区三区四区 |